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288 Genesee St 9,600 SF Retail Building Auburn, NY 13021 $239,000 ($24.90/SF) 14.70% Cap Rate
Investment Highlights
- Multi-use commercial property featuring a fully operational ground-floor restaurant/bar and two upper-level residential apartments.
- Current rental income of $4,325 per month across three tenants, offering immediate cash flow potential.
- Recent capital improvements include new boilers, hot water heaters, and updated appliances for both apartments between 2024 and 2026.
- Corner frontage on Genesee Street and Van Patten Street, providing high traffic exposure and excellent visibility.
- Restaurant/bar accommodates seating for up to 100 guests with the option for outdoor seating.
- HVAC system for the restaurant/bar replaced in 2019, ensuring reliable climate control for business operations.
Executive Summary
Prime Investment Opportunity –multi-use commercial building is a money-maker from day one! Current rents: 1st floor Restaurant/Bar $2500 month, Apartment #2 $950 month, Apartment #1 $875 month for a total of $4325 per month. This multi-use 9316 sq. ft. Building has frontage on both Genesee and Van Patten Street, a high-traffic high-visibility corner lot in Auburn, N.Y. close to shopping including Tops, Bass Pro and more. The main level features a fully operational restaurant/bar seating upto 100 patrons with outdoor seating possible. The restaurant equipment and furnishings belong to the restaurant tenant. This offers an ideal spot for you to open your own Restaurant/Bar business or continue with the current existing well-established tenant for steady income. Upstairs, you’ll find two spacious, fully rented 3-bedroom apartments with long term tenants, providing reliable rental revenue. With multiple streams of income under one roof, this property is perfectly positioned to maximize returns. There was a new boiler & hot water heater installed for apartment #1 in 2024, a new range and refrigerator in 2024. In 2025 there was a new boiler & hot water heater installed for apartment #2 as well as well being completly remodeled in Febuary of 2026 with a new range in 2026 and new refrigerator in 2025 a new range in 2026 and refrigerator in 2025. The central air & heat unit was replaced in 2019 in the restaurant/bar. Whether you’re an experienced investor or just getting started, this is the kind of property that builds wealth – commercial exposure, residential stability, and cash flow you can count on! Sale includes building only. Call or Email Bob Harvey @ 315-430-7911/robert.harvey@huntreasestate.com
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,600 SF
Building Class
C
Year Built
1948
Price
$239,000
Price Per SF
$24.90
Cap Rate
14.70%
NOI
$35,133
Tenancy
Single
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.70
Lot Size
0.13 AC
Zoning
c1
Parking
6 Spaces (0.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 050100-115-082-0001-030-000-0000 | Improvements Assessment | $167,200 |
| Land Assessment | $37,500 | Total Assessment | $204,700 |
Property Taxes
Parcel Number
050100-115-082-0001-030-000-0000
Land Assessment
$37,500
Improvements Assessment
$167,200
Total Assessment
$204,700
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288 Genesee St
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